FXstreet.com (Barcelona) - The Sterling (GBP) rallied with the pick up in risk appetite early Europe but weakness returned as the market remains concerned about the UK economy.

Industrial Production fell -2.6% vs. -1.2%. As buying pressure waned the market sent the cable back to 1.3700,said Easy Forex Team.

Overall the GBP/USD traded with a low of 1.3693 and a high of 1.3904 before closing the day at 1.3760 in the New York session.